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Executive Summary: Melting point
A summary of CDP's investor research on the steel sector, ranking 20 of the largest publicly listed steel companies
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Melting point
Which steel companies are ready for the low-carbon transition?
This report updates and expands CDP’s research and League Table for steel companies, first published in October 2016. It ranks 20 of the largest and highest-impact publicly listed steel companies on business readiness for a low-carbon transition. The companies in aggregate represent 30% of global steel production.
14%
On average, 14% of steel companies’ value is at risk from rising carbon prices
<50%
Steel sector expected to reduce emissions by less than 50% by 2050, compared to the 65% reduction needed
9%
The sector is responsible for up to 9% of global greenhouse gas emissions from fossil fuel use and industry
CDP’s League Table of companies in the steel sector:
| League Table rank | Company | Country / Region | 2018 steel production (million tonnes) | League Table weighted rank | Transition risks rank | Physical risks rank | Transition opportunities rank | Climate governance & strategy rank |
| 1 | SSAB | Sweden | 8.0 | 6.25 | 3 | 6 | 2 | 1 |
| 2 | ArcelorMittal | Luxembourg | 92.5 | 7.34 | 10 | 10 | 1 | 2 |
| 3 | Hyundai Steel | South Korea | 23.8 | 8.25 | 1 | 3 | 9 | 4 |
| 4 | Tata Steel | India | 27.1 | 8.34 | 8 | 4 | 6 | 3 |
| 5 | POSCO | South Korea | 42.9 | 8.72 | 6 | 8 | 3 | 8 |
| 6 | JFE Holdings | Japan | 27.9 | 8.94 | 11 | 2 | 4 | 9 |
| 7 | Nippon Steel | Japan | 47.8 | 9.67 | 13 | 5 | 5 | 6 |
| 8 | BlueScope Steel | Australia | 6.0 | 10.13 | 2 | 7 | 16 | 5 |
| 9 | China Steel | Taiwan | 15.1 | 10.37 | 9 | 1 | 11 | 7 |
| 10 | JSW Steel | India | 16.7 | 12.59 | 14 | 14 | 8 | 10 |
| 11 | Baoshan Iron & Steel | China | 47.1 | 12.71 | 15 | 11 | 7 | 13 |
| 12 | Nucor | USA | 22.5 | 13.07 | 4 | 16 | 14 | 17 |
| 13 | Severstal | Russia | 12.0 | 13.26 | 5 | 9 | 20 | 11 |
| 14 | Gerdau | Brazil | 15.3 | 13.65 | 7 | 15 | 12 | 18 |
| 15 | Novolipetsk Steel (NLMK) | Russia | 17.4 | 13.91 | 12 | 13 | 19 | 12 |
| 16 | Angang Steel | China | 24.5 | 14.64 | 20 | 12 | 13 | 15 |
| 17 | Hesteel | China | 26.8 | 15.35 | 17 | 17 | 15 | 16 |
| 18 | Beijing Shougang | China | 15.6 | 15.38 | 19 | 20 | 10 | 20 |
| 19 | US Steel | USA | 15.3 | 15.49 | 18 | 19 | 17 | 14 |
| 20 | Inner Mongolia Baotou Steel | China | 15.2 | 15.74 | 16 | 18 | 18 | 19 |
| Weighting | 30% | 10% | 30% | 30% |